Egypt — Saudi developer ACWA Power is planning to invest between $10-12bn in Egypt in the next five years.

Energy — Total committed and planned energy investments in the MENA region, including Iran, will reach $900 billion over the next five years.

Energy — Top executives at the world’s largest oil-trading houses said the worst of the market’s woes are probably over, with some predicting prices will climb to $50 a barrel by next year.

India — India declares plans to fortify their position in the global maritime sector with their $15bn port development plan at the Maritime India Summit.

KSA & Egypt — Egyptian President Abdel Fattah al-Sisi and Saudi King Salman agreed to set up a $16-billion investment fund and settled a long-standing maritime dispute as the monarch continued his rare visit to the country.